SRC Global Inc

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Why Energy Efficiency?

Energy Efficiency has been recognized as the most cost-effective option in the short to medium term for meeting the energy requirements of increased economic growth while minimizing the impact of global climate change. Energy efficiency can be particularly important for developing countries because sustaining high economic growth requires increased energy supplies. Energy efficiency options can:

Decrease energy consumption and thereby alleviate the supply-demand imbalance
Increase energy security by reducing the reliance on imported energy
Reduce the need for expensive new electricity generation capacity and other energy supply investments and thereby reduce the cost of future energy supply
Reduce local environmental impacts
Reduce the greenhouse gas (GHG) emissions, thereby contributing to global climate change mitigation.

Need for Scaling Up Implementation

The International Energy Agency has estimated that an additional $10.5 trillion of investment is needed in total in the "450 ppm scenario" defined to limit the global surface temperature rise to 20 C. Of this about 65% is expected to be contributed by energy efficiency. However, while the potential for efficiency improvement is very high, the international experience with energy efficiency indicates that actual market implementation has been far short of potential. Therefore, new regulations, policies, financing mechanisms, and incentives are needed to scale up the implementation of energy efficiency.

SRC Global Services

SRC offers the following services related to energy efficiency:

Assessment of potential for energy efficiency
Development of national energy efficiency legislation and regulations
Development of national and regional energy efficiency strategies and action plans
Recommendation of institutional and organizational structures for energy efficiency agencies
Identification of major barriers to energy efficiency and development of approaches to overcome these
Development of innovative financing mechanisms to scale up energy efficiency implementation
Assistance to project developers in preparing bankable proposals
Assistance to banks and financial institutions to establish an energy efficiency lending business
Training and capacity building of energy users, energy service providers, and banks/FIs with respect to energy efficiency technologies and business models.